Another blackout strikes Yeosu National Industrial Complex in South Korea

07-May-08

After a major power failure that occurred on Saturday, another blackout struck Yeosu National Industrial Complex in South Korea. It is suspected that the accident occurred at the Yeochun NCC 3 factory due to a malfunctioning transformer. The transformer was installed when the Yeochun NCC 3 factory opened in 1988, and was supposed to be replaced next year. Operations at several factories that was halted on Saturday after the initial power failure, was resumed on Monday. But this new accident has forced several players to stop operations again. Saturday's power outage has led to an estimated 10 bln won (US$10 mln) in damages and lost production, with 10 factories, including Yeochun NCC and Hanhwa Chemical, in the complex stopping operations.